Neiman Marcus Bankruptcy Memes on Twitter

The Brief: Neiman Marcus bankruptcy memes are trending on Twitter after the luxury department store filed for Chapter 11 on May 7.

DEEP DIVE

As of May 7, Neiman Marcus is the first luxury department store to file for Chapter 11 since COVID-19 forced people to stay inside and businesses to temporarily close their doors until stay-at-home orders are lifted. In Covid-19’s wake, many businesses are suffering, like retailer J. Crew. The company filed for bankruptcy on Monday, May 4.

Customers shared their reactions to the news on Twitter. Some were shocked.